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Notes to the Parent Company's financial statements (continued)

Note 9 - Investments in subsidiaries
EUR million 
2023
2022
Cost at 1 January
15.3
15.3
Exchange adjustment
0.1
-
Additions for the year
0.4
-
Disposals for the year
-0.2
-
Cost at 31 December 
15.6
15.3
 
Value adjustments at 1 January
5.8
5.0
Disposals for the year
-0.7
-
Exchange adjustment
-0.5
-0.2
Net profit/loss for the year
-1.3
4.2
Dividends to the Parent Company
-3.1
-3.2
Value adjustments at 31 December 
0.2
5.8
 
Equity investments with negative net asset value amortised over receivables
5.7
5.9
 
Carrying amount at 31 December 2023
21.5
27.0
Disposals for the year: During 2023, the 100% owned Danish subsidiary, DHI GRAS A/S, was closed.